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LIBERALS BACK RUDD'S BANK GUARANTEE
Monday, 13 October, 2008RELATED CONTENT
WHAT DO YOU THINK?
How reassured are you by the government's guarantee on bank deposits? Do you feel secure your money is safe? Will you move your money to a bigger bank?
COMMENTS
First [1][2] LastSo this is the change that the uk ,nz ,aust ,and usa all went in on their respective countries ,lets see ,they are all labor green radical gov's ,nz =in recession and over a billion in debt from the kioto racket ,uk =in recession and almost bankrupt,aust falling like a rock and not far behind and people are praising krudd ? give me a break ,they were the fools who with the genie inflation who stopped our economy dead before this happened ,now its the inflation will look after itself and please start spending ,WTF? anyone who can say this mob know what they are doing is either dead or just plai stupid ,they are a disaster just like they have been every single time they have been in ,get ready for the roughest ride ever ,you who voted for these clowns", lap it up, your just going to love it!!
As has been pointed out this was a populist move but unlike some that we've had to suffer over the years it hasn't really hurt us either internally or externally. So it is probably a bit of a non issue especially as there seems little chance of it being needed. What is of more concern is the fringe dwelling lunatics who seem to be outnumbering the genuine contributors on this one.
It's all well and good for the government to say it guarantees deposits, but if the world economy goes to pot and the banks go bust what are you really getting back? The government doesn't have sufficient funds to pay back all investors so the only solution is to print money in order to return the original investment. The currency would then be worth squat and you'd be left with nothing.
i dont know where these eggsperts get their data from, but it seems inflation has gone through the roof in the last 12 months, 4>5% fooey!! i think the gov did the right thing to guarantee bank deposits. but when the banks are getting a full 1% more than they should, and the oil companies are easily scamming 20% more than they should, [please add up the figures?] and electricity companies have rigged electronic meters installed, and food prices have gone through the roof, coles safeway,,etc, and the government, accc,, does nothing about these things,,then i really dont think we are in a good and fair, and safe position. seems to me all the 10billion or so they are going to give out, will end up overseas, via coles/woolworths, oil companies, and multi national energy companies, i dont believe retailers and small bussinesses will see much of it.? my thoughts anyways
What a hypocrite - Malcolm Turnbull. It suited him/Liberals to be bipartisan when the crunch came and they immediately supported the bank guarantees were announced. Now he/liberals are criticising - Turnbull should have asked more questions before it all went public. He's ex-banking industry - he should know better. As their worst nightmare, Kevin Rudd/Labour would not have wanted this economic situation to have happened but it has and they have responded quickly to allay fears and stop runs on banks and putting money under the bed to become the form of saving. Maybe this situation is a lesson. Federal governments need to look at having 'saving/banking/investing/credit' as a curriculum subject in schools - starting in upper primary. The 'fast food syndrome' [I want it and I want it now] world we live in needs to change.
Hey paul from Canberra I think its interesting that you cut obama slack considering the diabolical situation he is potential walking into, yet don’t seem to offer the same compassion or understanding to Kevin. I don’t really think the issue is if we will ever need the bailout guaranty. But that we have a leader that instills a positive confidence in this people and doesn’t sit in an ivory tower and dictate accordingly. Which is what Australians only a year ago affirmed.
Is anyone else fed up with the new world orders' serial - 'WE WIN' are they not going to get really bored when they have complete control? Or will they just play with us for ever?
Last week an Australian man that protects other people money from computer hackers had his own money stolen from the Bank by a Russian computer hacker that was more profesional than him. So, no money is safe in a Bank no matter how bigger a Bank is. Is a lot safer to hide the money on the cementery or inside the International Space Station in space.
Does it matter if your hard earned cash is in a big bank? They will screw you with extra fees and charges anyway.
Yes. Well done kevin!